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Share Name Share Symbol Market Type Share ISIN Share Description
Flybe Group PLC LSE:FLYB London Ordinary Share GB00B4QMVR10 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.13p -48.60% 3.31p 50,039,295 10:35:00
Bid Price Offer Price High Price Low Price Open Price
3.32p 3.65p 5.80p 3.30p 5.02p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 752.60 -9.40 -4.50 7.2

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Date Time Title Posts
24/1/201910:52FLYBE – turbulence over – but keep your seatbelts on9,695
23/1/201916:14*** FLYBE ***5,686
11/1/201912:22Flybe going bust soon13
24/7/201821:23Flybe (FLYB) One to Watch on Wednesday -
10/5/201617:53another great buy from cockney the clown15

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Flybe Daily Update: Flybe Group PLC is listed in the Travel & Leisure sector of the London Stock Exchange with ticker FLYB. The last closing price for Flybe was 6.44p.
Flybe Group PLC has a 4 week average price of 1.45p and a 12 week average price of 1.45p.
The 1 year high share price is 49.70p while the 1 year low share price is currently 1.45p.
There are currently 216,654,801 shares in issue and the average daily traded volume is 44,321,663 shares. The market capitalisation of Flybe Group PLC is £8,666,192.04.
advfn137: Just when we're trying to get over this disaster...The share price goes up and it comes back to haunt us.Dirty games being played behind the scenes.One announcement from Virgin that the deal is complete....and this share price will collapse.Branson the mug has everything covered. He knew ppl would kick off. He must have a plan B up his sleeves.
danny baker: I've given up on rational explanations so what about the following idea to explain the huge turnover in the shares after the announcement of the 1p bid and the recent surge in the Flybe share price. What if someone had shorted Flybe heavily on the basis it was 'risk-free' selling 50 million shares at say 3p hoping to make £1,000,000 profit. They then sold more shares short after the sale of the operating business. However AT and private punters buying the shares has meant that the share price hasn't collapsed and it has become almost mathematically impossible to close the short position without driving up the share price to a crazy level. It sounds implausible but one reckless shorter selling short a high percentage of the company who might also be oblivious to the Rule 8.3 dealing disclosures might explain what has happened. As they say it will all come out in the wash.
ajmace: At last I found this from 4 days agoFlybe's biggest shareholder has launched a stunning attack on its directors, accusing them of breaching their duties to investors and threatening a legal challenge to the cut-price takeover of one of Britain's best-known airlines.Sky News has learnt that Hosking Partners, a prominent London-based asset manager which holds a stake of close to 19% in Flybe, has instructed lawyers to explore its options in relation to the company's proposed sale to a consortium? led by Virgin Atlantic Airways .These options could include attempting to obtain an injunction prohibiting the deal from being completed, Hosking Partners is understood to have warned Flybe's bosses this week.The initial 1p-a-share deal, announced eight days ago, came at a huge discount to the airline's prevailing share price and underscored its industry's profound financial challenges.In a letter to the directors of Flybe, details of which have been relayed to Sky News, Hosking Partners is understood to have expressed concern that they had allowed a false market in the company's shares to develop by failing to update the City on its financial position in a timely fashion.?The fund manager, a long-standing shareholder in Flybe, is understood to have copied its ?letter to City watchdogs including the Takeover Panel, which polices mergers and ?acquisitions activity, and the Financial Conduct Authority.Hosking Partners is said to have raised doubts as to whether the £2.2m offer reflected the intrinsic value of Flybe, and alleged that the handling of its proposed sale had blocked a rival offer from emerging at a higher price.Flybe's fate took a further twist this week when it said that its sale to Connect Airways - a consortium comprising Virgin Atlantic, Stobart Group and Cyrus Capital Partners,? an investment fund with links to the other two parties - would be restructured.?Instead of simply comprising a conventional offer for the shares, Flybe's trading assets would be sold next month to Connect Airways for £2.8m, leaving the holding company as? a shell for which ?the consortium would continue to pay a nominal sum.Flybe said this change had been necessitated by its urgent need for liquidity - a claim challenged by Hosking Partners because of the company's cash balance and ability to raise funds from the sale of assets such as its take-off and landing slots at London Gatwick Airport.In a statement to the market on Tuesday, Flybe said it had had no alternative but to agree to the revisions because unspecified conditions attached to a bridging loan had not been met.Hosking and other shareholders are said to be furious about the restructuring of the takeover because Flybe's recent switch from a premium to a standard listing on the London market meant investor approval was now only required for the holding company bid, not the sale of the airline's assets.The fund manager is understood to have told Flybe directors that other parties remained interested in acquiring the airline but would now be unable to make an offer.At the 1p-a-share offer price, Hosking Partners' stake is worth roughly £400,000.If it escalates, the row could pose significant reputational risks to the board of Flybe, which is chaired by Simon Laffin, a City grandee who has served as a director of companies including Mitchells & Butlers (LSE: MAB.L - news) , Northern Rock and Safeway.Investors' anger has been exacerbated by the fact that early last year, Stobart made a takeover approach to Flybe understood to have been valued at roughly 40p-a-share.This was rejected by Flybe's board.In a further development, Sky News revealed last week that Stobart's estranged former chief executive, Andrew Tinkler, had himself swooped to snap up a stake of more than 10%? in Flybe.Until as recently as this month, it appeared that Virgin Atlantic and Stobart were ?likely to table competing offers for the regional airline, before it emerged that they had teamed up as part of the same consortium.Hosking is understood to have raised concerns in its letter about the process through which they were permitted to form an alliance, although one source close to Flybe said that it had not breached any undertakings by doing so.The investor is also said to have highlighted the rise in Stobart Group's share price following confirmation of the 1p-a-share bid as evidence of "value transfer" from Flybe to one of its acquirers, according to a City source.
loganair: Sadly, like gamblers who are losing their shirt, when losing money on a share too many private retail investors believe in the Hype of others that the company they're invested in is worth much more then the current share price and that the sum of the parts are worth even more; On a day to day running basis Flybe are losing cash at an horrendous rate and on top they have large lease and pension liabilities to pay. The only reason I think Flybe is being rescued, unlike other airlines such as Monarch, is because they have such a large share of the domestic UK market that if allowed to go bust would have a huge effect on the UK and bad for the UK economy.
mhin2: Richard Bernstein (of Crystal Amber fund- yesterday ‏ CrystalAmberRB1 Jan 11 Interesting that Flybe share price is trading at 3 times the value of the takeover bid. Rumours of stake building to block the bid - no prizes for guessing who! On another point I dont see why flybe would go into liquidation- yes they have a cash flow problem, but they could have raised from shareholders, and it seems to me it was the card acquirers that were the straw that broke the Camels back. However many are prediction there will not be a no deal brexit and the pound will rise (in the not too distant future- see hxxps://, Ultimately though the Virgin/Stobart proposal/co-operation makes a lot of sense from the business perspective of Flybe (and Virgin/stobart), but not from the perspective of shareholders and some employees. Whatever way you look at it Flyb shareholders' interest has been placed last...
spob: from 2014 .... Flybe raises £150m from equity issue Jane Wild February 20, 2014 FT Flybe has secured £150m in funds as it seeks to boost its balance sheet and cement its turnround. The airline said an issue of shares to the value of nearly twice its market capitalisation would help it build on the restructuring that has taken place. “This is the new Flybe,” said Saad Hammad, chief executive. “I’m delighted at this news and the vote of confidence we have got from investors.” Most of the extra cash will be put towards expanding the business, with £82m going into increasing the size of its network, cutting its fleet costs and pursuing contract flying. Flybe has had success in contract flying under its present arrangement with Finnair. It is in talks with a number of European flag carriers and expects to secure more work within twelve months. Of the remainder of the proceeds from the equity issue, £68m will go into reinforcing its balance sheet to act as a buffer in case of any external shocks, which the airline industry has been particularly liable to in the past. The extra cash would also help Flybe secure better deals with its suppliers and lend it more credibility as it pursues talks on contract flying, Mr Hammad said. Flybe has lifted itself out of the turmoil of the past couple of years, when it suffered heavy losses, and made a pre-tax profit of £13.8m in its half-year results in November. It recently shed 450 staff and closed its smaller bases as part of its retrenchment. The group plans to issue 141.5m shares priced at 110p each in a placing underwritten by Liberum. The fundraising is still subject to approval by shareholders. Flybe’s share price rose 4.2 per cent to 119.9p.
bray2: Sir Timo comment 'Nevertheless, we believe that there always remains room for improvement' I wonder if this is reference to the share price. Again fact of the matter is day by day the share price is declining
daler1966: Today's news bodes well for Flyb share price ?
dangersimpson2: Stobart indicated bid price was rejected by the Flybe board so was never a formal bid made public. Share price was about 50p after discussions were announced. I think the indicated price was probably at a small premium to that, say 55p. However the Flybe balance sheet and outlook is worse now so can't see anything near that level being offered today. Good news is that multiple interested parties will help get a better price than if it was just a single bidder who knows they are struggling. Other interesting thing about Virgin is that even if they don't take them over they would consider some kind of strategic tie-up. If, as we assume, Virgin are interested in slots and feeding their long-haul network then they need Flybe as a going concern to be able to keep the slots and do that, so I could see them providing financial backing not just code shares or similar. Sub-10p share price was pricing in the very real chance of bankruptcy, even if people would prefer a takeover in the short-term, a commitment from Virgin to keep them financially solvent in return for network partnering could be worth as much or even more in the long-term.
joosepi: *THE SHARE PRICE INCREASED ON STOBARTS LAUNCH OF TAKEOVER IN MARCH 18 BY 36% to 47p VALUING FLYBE AT £102million. FLYBE SHAREPRICE CONSTANT FROM MAY 16 to NOVEMBER 18 @ 42p to 41P CLOSE FRIDAY @ 16.55P VALUING FLYBE AT £35.85 ASSETS OF £189.50 MILLION. NET DEBT £432 Million. SHARES IN ISSUE 216.65 MILLION GROUP REVENUE RELEASED 14 NOV 19 £418.5 MILLION NET PROFIT £8.4 MILLION 7.9% INCREASE IN PASSENGER REVENUE PER SEAT IN YEAR 17/18 FLYBE HAVE IMPLEMENTED A 6 MONTH PLAN AND ANTICIPATE IMPROVEMENTS TO COMMENCE INTO H2 2018/19. TAKEN FROM DAILY MAIL 22nd FEB 2018 Flybe shares soar 36% following announcement Southend Airport owner Stobart Group is set to launch a takeover bid By Hannah Uttley For The Daily Mail Published: 21:50, 22 February 2018 | Updated: 21:50, 22 February 2018 The owners of London Southend Airport looked set last night to launch a takeover bid for struggling airline Flybe. Stobart Group, formed out of the Eddie Stobart haulage firm, is in discussions to buy Flybe. The announcement saw shares in the airline soar by 36 per cent. At the closing share price of 47p yesterday, Flybe was valued at around £102million.
Flybe share price data is direct from the London Stock Exchange
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